Task:
Discuss the advantages and the disadvantages of the first mover and the last mover theories. Provide an unbiased comparison of the two theories.
- Identify at least four advantages and four disadvantages for each theory and comprehensively show how each advantage or disadvantage affects the use of that theory (a minimum of 16 pros/cons in all).
- Identify at least four examples of real firms who have been successful and four examples of real firms who have been failures using each theory (a minimum of 16 real firms in all).
- Provide a definitive and unbiased recommendation of which theory to use. You should provide the specific attributes which constitute the most advantageous context in which the chosen theory operates and justify your recommendation with researched support, logic and examples.
Utilize the following format:
Question 1: Identify at least four advantages and four disadvantages for each theory and comprehensively show how each advantage or disadvantage affects the use of that theory (a minimum of 16 pros/cons in all).
a) advantage number 1 using the first-mover theory—list and explain example
b) advantage number 2 using the first-mover theory—list and explain example
c) advantage number 3 using the first-mover theory—list and explain example
d) advantage number 4 using the first-mover theory—list and explain example
e) disadvantage number 1 using the first-mover theory—list and explain example
f) disadvantage number 2 using the first-mover theory—list and explain example
g) disadvantage number 3 using the first-mover theory—list and explain example
h) disadvantage number 4 using the first-mover theory—list and explain example
i) advantage number 1 using the late-mover theory—list and explain example
j) advantage number 2 using the late-mover theory—list and explain example
k) advantage number 3 using the late-mover theory—list and explain example
l) advantage number 4 using the late-mover theory—list and explain example
m) disadvantage number 1 using the late-mover theory—list and explain example
n) disadvantage number 2 using the late-mover theory—list and explain example
o) disadvantage number 3 using the late-mover theory—list and explain example
p) disadvantage number 4 using the late-mover theory—list and explain example
Question 2: Identify at least four examples of real firms who have been successful and four examples of real firms who have been failures using each theory (a minimum of 16 real firms in all).
a) example 1 of real firm success using the first-mover theory—list, explain example
b) example 2 of real firm success using the first-mover theory—list, explain example
c) example 3 of real firm success using the first-mover theory—list, explain example
d) example 4 of real firm success using the first-mover theory—list, explain example
e) example 1 of real firm failure using the first-mover theory—list, explain example
f) example 2 of real firm failure using the first-mover theory—list, explain example
g) example 3 of real firm failure using the first-mover theory—list, explain example
h) example 4 of real firm failure using the first-mover theory—list, explain example
i) example 1 of real firm success using the late-mover theory—list, explain example
j) example 2 of real firm success using the late-mover theory—list, explain example
k) example 3 of real firm success using the late-mover theory—list, explain example
l) example 4 of real firm success using the late-mover theory—list, explain example
m) example 1 of real firm failure using the late-mover theory—list, explain example
n) example 2 of real firm failure using the late-mover theory—list, explain example
o) example 3 of real firm failure using the late-mover theory—list, explain example
p) example 4 of real firm failure using the late-mover theory—list, explain example
PLEASE NOTE: the advantages and disadvantages require to, "comprehensively show how each advantage or disadvantage affects the use of that theory," explanation, the successes and failures simply ask you to explain why the real firm was a success or failure, stating the firm over which they succeeded or which caused their failure should be done.
Question 3: Provide a definitive and unbiased recommendation of which theory to use. Provide the specific attributes which constitute the most advantageous context in which the chosen theory operates and justify recommendation with researched support, logic and examples.